|
RANDAL
J. KIRK
Radford. 51. Found-er, Chairman and CEO of New River
Pharmaceuticals and senior managing director of Third
Security LLC, a private investment firm. 2004 was an
important year for New River; the specialty pharmaceutical
company went public. It also picked up a collaborative
partner, Shire Pharmaceuticals Group of the U.K., to
jointly commercialize a drug for children with attention
deficient hyperactivity disorder. With no marketable
product yet, the company posted a net loss of $14.3
million for fiscal year ending in January. However,
New River has been one of the best performing life-science
IPOs since 2003, with its stock rising from an initial
price of $8 per share to more than $32 per share at
one point. Kirk owns more than 11 million shares of
New River, or 64.8 percent of the company. He has many
other business holdings and serves as chairman of Biological
and Popular Culture LLC and Clinical Data Inc. An alum
of Radford University, he sits on its board of visitors
and co-chairs Radford’s current capital campaign,
which is on target to raise more than $40 million.
Net worth: $400 million
Confidence: A
KIRBY
FAMILY
Claremont. The late Fred Morgan Kirby founded the family’s
fortune more than 100 years ago when he merged a string
of variety stores with F. W. Woolworth. The estate
of
Ann Kirby Kirby owns 9.2 percent of the stock of Alleghany
Corp., a New York-based title insurance company. Roger
H.W. Kirby is executive vice president of Guilford
Co.,
a private investment firm in Richmond. He serves as
a trustee at his alma mater, Hampden-Sydney College.
Net worth: $350 million*
Confidence: B
McGLOTHLIN
FAMILY
Grundy. The McGlothlin family drew its fortune out of
the ground when patriarch Woodrow W. McGlothlin,
90, was instrumental in forming The United Co. to mine
coal. The Bristol-based operation later branched into
oil, natural gas, real estate and financial services.
Woodrow sold his interest in the company in 1998 and
set up the McGlothlin Foundation, which has assets of
$23 million and funds a variety of causes in Southwest
Virginia, including the Appalachian School of Law and
the University of Appalachia School of Pharmacy. Woodrow
still serves as foundation chairman and CEO. One son,
Thomas D., serves as president. Two
other sons — James W., CEO at The United Co. and
now living in Texas, and Michael D.,
an attorney who lives in Grundy — serve on the
board as directors.
Net worth: $350 million*
Confidence: C
PAUL
C. SAVILLE
Vienna. 49. CFO, executive vice president of finance
and treasurer of NVR, one of country’s largest
homebuilders and mortgage bankers. Like other NVR executives,
Saville received options to purchase shares at low prices
after the company’s brush with bankruptcy a decade
ago. Now the executives are cashing in. Company easily
has been the best-performing stock in the home building
sector during past 12 months, with stock selling at
more than $800 a share at one point. Saville exercised
options in 2004 that netted proceeds of nearly $38 million.
Holds exercisable options worth another $61.8 million.
Intensely private, he reportedly paid $35 million recently
to purchase oceanfront estate along Billionaire’s
Row in Palm Beach, Fla., two doors down from his boss,
NVR Chairman and CEO Dwight Schar. Political donations
include $2,000 to Bush-Cheney 2004 campaign.
Net worth: $302 million
Confidence: B
W. RUSSELL
RAMSEY
Great Falls. 45. Managing general partner of Ramsey
Asset Management in McLean. Company holdings include
ventures in gaming, recreation, real estate and finance.
He is one of three co-founders of Arlington-based Friedman,
Billings, Ramsey Group Inc. and remains on board of
directors. Last year he became vice chairman of the
Washington Baseball Club, one of several ownership groups
that bid to purchase the Montreal Expos (now the Washington
Nationals) from Major League Baseball. Vice chairman
of the board of trustees at George Washington University,
where he was a standout baseball star and inducted into
its Hall of Fame. Through their eponymous charitable
foundation, Ramsey and wife Norma have provided about
$260,000 in scholarships to at-risk children in the
Washington area. Ramsey is a trustee of Big Brothers
and Big Sisters. Boys and Girls Clubs, Venture Philanthropy
Partners, and Make-A-Wish Foundation are other philanthropic
causes.
Net worth: $300 million
Confidence: A
MICHAEL
SAYLOR
Vienna. 40. The chairman, CEO and co-founder of MicroStrategy
assumed the title of president in December. Saylor keeps
a lower profile these days, but his McLean-based provider
of business intelligence software is roaring back. Revenues
were up 32 percent to $231.2 million in 2004. Saylor
earned a $954,775 cash bonus for 2004, which doubled
his salary. He also sold $1.3 million in stock. Auditing
firm Pricewater-houseCoopers LLP, which stuck with MicroStrategy
after the SEC charged the company with overstating profits
by tens of millions of dollars in 2000, dropped it as
a client in March, though no financial disputes were
reported in filings.
Net worth: $300 million
Confidence: C
BETTY
KNIGHT SCRIPPS
Charlottesville and Nassau, Bahamas. Heads Charlottesville-based
Scripps Enterprises Inc., a private company with holdings
in publishing, real estate oil and gas. Much of her
fortune stems from the sale of a newspaper chain, Scripps
League Newspapers, owned by Scripps and her late husband,
Edward W. Scripps. Before its sale in 1996, the chain
had 54 publications in 16 states. Scripps chairs the
annual Washington National Opera Ball in Washington,
D.C. In 2004, she donated $1 million to the opera. She
is also active with Scripps Hospital in La Hoya, Calif.,
helping with its annual fundraising ball.
Net worth: $300 million
Confidence: B
THE
WINKLER FAMILY
Alexandria. The Mark Winkler Co. is a major real estate
development and management firm in the Washington area.
Its portfolio includes interests in more than 11 million
square feet of real estate valued at more than $1 billion.
Some of its best-known projects include the Mark Center
in Alexandria, the Westfields Corporate Center in Chantilly
and the TransDulles Centre in Sterling. Mark Winkler
started the company in the 1940s. He died in 1970. His
daughter, Tori Winkler Thomas, is chairman of the board.
Net worth: $300 million
Confidence: C
ROBERT
E. LaROSE
Chantilly. 60. Founder and CEO of Integic Corp., which
was sold this year to global defense giant Northrop
Grumman Corp. Federal sales account for about 90 percent
of firm’s $161 million in revenue. Under LaRose’s
guidance, Integic emerged as major information-technology
services provider to federal government, especially
the U.S. military. One contract calls for the U.S. Department
of Health and Human Services to pay Integic $4.7 million
for software and IT services. LaRose helped found the
Integic Charitable Foundation, which provides grants
to organizations addressing women’s and children’s
issues. Serves on board of directors of Arnold Palmer
Hospital for Children and Women in Orlando, Fla.
Net worth: $263 million
Confidence: B
JOSEPH
E. ROBERT JR.
McLean. 54. Chairman and CEO of J.E. Robert Cos., which
he started in 1981 with a borrowed typewriter and $50,000
from a second mortgage. Today the privately held company
is divided into halves: JER Partners invests in commercial
real estate and manages five private equity funds with
more than $2 billion, and JER Revenue Services is one
of the nation’s leading delinquent tax-servicing
firms. Robert is a general partner in the Washington
Baseball Club, which acquired the Montreal Expos baseball
team and moved it to Washington to become the Nationals.
Founder and chairman of Washington-based Fight for Children
Inc., a philanthropic organization that raises money
for children’s charities. Also a 2005 recipient
of the Horatio Alger Award, given to community leaders
who have demonstrated initiative and a commitment to
excellence.
Net worth: $260 million
Confidence: C
RACHEL
“BUNNY” MELLON
Upperville. Widow of Paul Mellon, one of country’s
best-known philanthropists and art collectors who gave
away $1 billion to various causes in his lifetime. Mrs.
Mellon shares her late husband’s passionate support
for the arts and continues to live at the couple’s
Rokeby farm in Northern Virginia’s hunt country.
As usual, Rokeby was included in the 2005 Virginia Hunt
Country Stable Tour, an annual Memorial Day weekend
fundraiser for Trinity Episcopal Church that allows
self-driven tours through some of hunt country’s
most prestigious stables and training facilities. While
known for his art collecting Paul Mellon — son
of industrialist Andrew W. Mellon — was also a
horseman whose thoroughbreds won three of the world’s
biggest races.
Net worth: $250 million
Confidence: C
SAUER
FAMLY
Richmond. The sweet smell of spices still wafts from
the building of C. F. Sauer Co., a family-owned business
that has thrived for 118 years. Conrad F. Sauer
III continues as chairman, and Conrad
IV is president. Two other Sauers are vice
presidents. Family members own an estimated 95 percent
of the private company, which was founded in 1887. Sauer
has grown to more than 900 employees and has annual
revenue of $246.4 million. Besides a lineup of more
than 250 extracts and seasons, the company sells salad
dressings and oils through retail and food service subsidiaries,
which include Dean Foods, The Spice Hunter, Duke’s
Products Co., Gold Medal and Mrs. Filbert’s Mayonnaise.
With a fourth generation of Sauers at the helm, company
has succeeded in keeping the business in the family.
Net worth: $250 million
Confidence: C
DOUGLAS
H. McCORKINDALE
McLean. 65. Chairman, president and CEO of Gannett Co.
Inc., which owns newspapers, broadcast outlets and Internet
properties around the world. A graduate of Columbia
College and Law School, McCorkindale joined Gannett
in 1971 as general counsel. He assumed role of CEO in
2000. Has served on Gannett’s board of directors
since 1977. Wealth stems from his vast ownership of
Gannett stock — more than 2.3 million shares,
not counting stock included as part of his deferred
compensation. Value of Gannett shares soared 26 percent
during the three-year period that ended Dec. 31. Under
McCorkindale’s leadership, Gannett’s revenue
growth, operating income and cash-flow margins have
consistently ranked among the highest in the publishing
industry. He is a director or trustee of The Associated
Press, Continental Airlines Inc., Lockheed Martin Corp.
and numerous mutual funds in the Prudential Group of
Newark, N.J. Other stock holdings include 21,000 shares
in Continental Airlines and nearly 18,000 shares of
Lockheed Martin.
Net worth: $234 million
Confidence: B
GENE B.
DIXON JR.
Dillwyn. 62. President and CEO of Kyanite Mining Corp.,
owned by the Dixon family. The Buckingham County company
is world’s largest producer of kyanite and mullite
— materials used in heat-resistant products by
global customers. It owns and operates six production
plants in Virginia, employing 200 people. The Dixon
family is the sole owner of the Cavalier Hotel in Virginia
Beach, an 18-acre resort with an old hotel, dating back
to 1927, and a newer facility on the waterfront. The
assessed value of the hotel is $16.4 million.
Net worth: $200 million+
Confidence: C
NIGEL
W. MORRIS
Alexandria. 46. The former president and COO at Capital
One Financial Corp. (and Richard Fairbank’s close
partner for many years), Morris left the company early
last year to spend more time with his family. Like Fairbank,
Morris took no salary at Capital One but was paid in
performance-based options. Morris, a transplanted Englishman,
serves as a director at Quanta Capital Holdings Ltd.,
a specialty insurer located in Bermuda, and The Economist
Group. Now that he has more time, he is a trustee on
the board of the Jamestown-Yorktown Foundation.
Net worth: $200 million
Confidence: B
DANIEL
F. AKERSON
McLean. 56. Managing director of the well-connected
The Carlyle Group, a Washington-based venture capital
firm. Serves as co-head of its U.S. Buyout fund, which
raised $7.85 billion along with another $2.2 billion
for European buyouts. The $10 billion in private equity
is the largest buyout fund ever, according to The Wall
Street Journal. Akerson is a telecom veteran who started
his career with MCI Communications and later became
its president. Previously served as chairman of XO Communications
and as CEO at Nextel Communications and General Instruments.
The U.S. Naval Academy graduate is a director of the
U.S. Naval Academy Foundation and sits on the boards
of American Express and United Components, which Carlyle
purchased for $800 million in cash in 2003.
Net worth: $190 million
Confidence: C
THE
REV. M.G. “PAT” ROBERTSON
Virginia Beach. 75. Founded Christian Broadcasting Network
in 1960, which now broadcasts to 200 countries in 35
languages. Operation Blessing International Relief and
Development Corp. — one of Robertson’s largest
philanthropic efforts — was at the forefront of
relief efforts in nations severely hit by this year’s
Indian Ocean tsunami. Organization transported $19 million
in medicines to Sri Lanka and 500 tons of rice to Indonesia.
Robertson continues as president of Virginia Beach-based
Regent University, which he founded in 1977. Regent
has been granted full accreditation for a four-year
undergraduate program. School has 3,500 students. Robertson
also recently started company to assist the United Nations
and humanitarian organizations in rebuilding war-torn
Liberia with water wells and water systems.
Net worth: $190 million
Confidence: A
JOSEPH
W. LUTER III
Smithfield. 65. CEO and chairman of Smithfield Foods.
Country’s largest hog and pork producer posted
revenue of $9.27 billion in 2004. The company’s
pork sales benefited from its 2004 acquisition of Farmland
Foods, which is based in Kansas City, Mo. Luter earned
a performance bonus of $6.6 million, nearly 89 percent
of his total compensation, in 2004. Under Luter’s
tenure, company has expanded holdings to include operations
in Poland, France, Mexico, the United Kingdom, Brazil,
China, Romania and Spain. Established Smithfield-Luter
Foundation in 2003, which has assets of $4.4 million.
It has donated more than $202,000 for scholarships at
four U.S. universities, including Virginia Tech and
Luter’s alma mater, Wake Forest University.
Net worth: $185 million
Confidence: B
VAN
METRE FAMILY
Burke. Albert G. Van Metre Sr., 79, is chairman and
CEO of Van Metre Cos., a family-owned real estate firm
that develops commercial and residential projects. As
Northern Virginia adds jobs, the booming real estate
market continues to provide plenty of opportunities
for home builders like Van Metre. One of company’s
new projects includes a 50 percent interest in the 1,600-acre
Broadlands community adjacent to the Dulles Greenway
in Loudoun County. The community has 3,300 residential
lots and 4 million square feet of commercial space.
Company marked its 50th anniversary by auctioning off
one of its designer showcase homes in Lansdowne, with
some of the proceeds going to the Children’s National
Medical Center. Albert’s son, Albert G. Van Metre
Jr., serves as one of company’s principals and
directors.
Net worth: 180 million
Confidence: A
GOV.
MARK R. WARNER
Richmond. 50. In his last year of office as governor,
Warner has begun to attract national attention as a
potential Democratic presidential candidate in 2008.
His rising reputation is based on his success in pushing
a $1.4 billion tax reform package through the Republican-controlled
General Assembly in 2004. Warner and Senate Finance
Committee Chairman John Chichester were named Public
Officials of the Year for 2004 by Governing magazine.
Warner made his fortune in the cellular telephone business.
He placed his assets in a blind trust before assuming
office in 2002.
Net worth: 180 million*
Confidence: C
DAVID
P. REYNOLDS
Richmond. 90. Chairman emeritus of Reynolds Metals Co.,
which was acquired by Pittsburgh-based Alcoa Inc. in
2000. Reynolds was last member of his family to head
the company. The Virginia Historical Society is building
the Reynolds Business History Center, a wing that will
house the archives of Reynolds Metals and other Virginia
companies. The center also will have an exhibition on
the state’s economic history. Plans for center
were sparked by a $1 million gift from the Richard S.
Reynolds Foundation and a $500,000 grant from Alcoa.
Net worth: $175 million
Confidence: C
|